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1. Elliott Wave Analysis Wave 5 Completion at 1.618 Extension (2,747.14): The chart shows Wave 5 peaking at $2,747.14, corresponding to a 1.618 Fibonacci extension. This level is typically a significant reversal point, suggesting potential for a corrective move downwards. ABC Corrective Pattern Projection: After the completion of Wave 5, an A-B-C correction is...

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1. Harmonic Patterns (Likely Bat or Gartley) The marked points labeled "A", "B", "C", and "D" form a harmonic pattern. Harmonic patterns use Fibonacci retracement levels, often aiming for precision with levels like 0.618, 0.786, and 1.618. The Fibonacci retracement values are visible on the chart (e.g., 0.618 and 0.786), indicating key levels where price is...

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High-Level Observations and Zones Dealing Range (12M-3M) and PMH: This range, marked at the top, represents a high timeframe dealing range and a recent swing high (PMH). The upper boundary, around 2,790, coincides with the inducement wave, suggesting that a strong resistance or potential reversal point could be located near this level if the price reaches...

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1. Wave Analysis and Elliott Wave Structure The chart follows an Elliott Wave structure, identifying five distinct waves of a downtrend (Wave 1 to Wave 5) followed by a corrective pattern. Notable Wave Points: Wave 5 is projected to potentially end near the 1.618 Fibonacci extension level around 2,843.46, which often marks a strong potential reversal...

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1. Wyckoff Phases and Structural Analysis The chart is divided into classic Wyckoff Phases—Phase A, Phase B, Phase C, and Phase D—suggesting a potential accumulation or reaccumulation pattern. Phase A - Reaccumulation: Early stage where preliminary support (PSY) and automatic reaction (AR) are identified, hinting at the beginning of a potential reaccumulation...

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1. Elliott Wave Analysis and Structure The chart appears to be tracking a complex Elliott Wave pattern with clear labeling of impulse and corrective waves. Wave III and IV are prominent on the chart, indicating that the current movement may be within a broader impulse wave structure, likely aiming towards completing Wave V at higher levels. Wave 1 Invalidation...

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Wyckoff Accumulation: The chart highlights a potential Wyckoff accumulation phase, characterized by sideways price action within a defined range. The current price action indicates the market may be in the final stages of this phase (Phase B), known as the "Spring" or "Test." This phase often involves a final shakeout of weak hands before a significant upward...

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1. Wyckoff Phases and Structure: Phase A: Marks the end of a downtrend with a Selling Climax (SC) followed by an Automatic Rally (AR). This suggests a shift toward accumulation. Phase B: Accumulation or distribution phase with multiple sub-waves, featuring Secondary Tests (ST) and Show of Weakness (SOW). This phase shows market indecision. Phase C: Potential...

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1. Elliott Wave Structure The chart primarily reflects an Elliott Wave sequence, with different levels of impulse and corrective waves clearly marked. Wave (5) appears to be at a high, with subsequent wave labeling suggesting a corrective phase. Wave 1 Invalidation level is shown at 2,715.95: The chart notes that for the current wave count to remain valid, price...

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1. Wave Analysis & Elliott Wave Structure Wave Labels: The chart shows multiple Elliott Waves labeled (1), (2), (3), (4), (5), and corrective waves (A), (B), (C). Wave (B) Invalidation Point: This is marked at 2,703.88. If the price breaks this level, it invalidates the current (B) wave structure and suggests an alternative wave count. Wave 3 Condition: For wave 3...

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Market Structure Overview: Asset: XAU/USD (Gold/US Dollar) Timeframe: 2-hour chart Current Bias: Short-term bearish, aligning with a Wyckoff distribution and harmonic pattern setups, suggesting further downside pressure. Wyckoff Distribution: The left section of the chart shows a Wyckoff Distribution Phase, which typically indicates a transition from an uptrend to...

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Key Events Influencing XAU/USD: US Economic Data (Retail Sales, Inflation): Strong Data: Supports a hawkish Federal Reserve stance, boosting the USD and putting downward pressure on gold. Weak Data: Reduces rate hike expectations, making non-yielding assets like gold more attractive. Federal Reserve Speeches (Kashkari, Waller, Daly, Goolsbee): Hawkish Remarks:...

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Overview Market: NAS100 (NASDAQ 100 Index) Time Frame: 1-hour chart (indicated by the "1H" labels) Key Concepts: The chart incorporates Wyckoff methodology, harmonic patterns, and Fibonacci retracement levels. Key Components Market Phases: Phase A: Indicated at the bottom of the chart, represents the initial accumulation phase. Phase B: The current market phase...

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BTCUSD – 2-Hour Chart Analysis (Oct 9, 2024): Anticipating a Bullish Reversal Overview of Current Market Structure The chart presents a harmonic pattern and Elliott Wave theory integration, showcasing key technical indicators for Bitcoin's price action over the next few days. Based on the structure, Bitcoin (BTCUSD) is currently trading at $62,175.77 and appears...

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233-Minute Chart: Larger Trend Outlook 1. Wyckoff Phases (A to C) The market is progressing through Phase B of a Wyckoff distribution pattern. Notable components of Phase B: Buying Climax (BC) indicates the peak of buyer exhaustion. Upthrust (UT) in Phase B suggests an overshoot in price before the market begins to decline. Sign of Weakness (SOW), which signals a...

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Overview and Timeframes This analysis covers XAU/USD (Gold vs US Dollar) with a focus on two timeframes: a 4-hour chart and a 21-minute chart. Both timeframes indicate a bearish outlook for the next two weeks, as the price seems to be completing or approaching a downward Elliott Wave structure. This projection relies on the presence of multiple technical factors...

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Technical Breakdown of the Analysis Wyckoff Phases & Distribution Phase B of the Wyckoff Method: This is a critical phase where the price makes a Secondary Test (ST), followed by an Upthrust (UT), indicating buyer exhaustion and distribution by smart money. Upthrust After Distribution (UTAD): The price has potentially completed a UTAD, signaling the completion...

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In this detailed analysis of the XAU/USD (Gold/US Dollar) pair on both the monthly (M) and weekly (W) timeframes, we delve into potential price action scenarios for the upcoming two weeks. The market structure suggests we are entering a critical phase, characterized by multiple technical formations including Elliott Waves, Wyckoff phases, and liquidity...